Approximately 60% the world's law firms will begin a new fiscal year on 1 January 2020. Many others will enter the final quarter or trimester of their old fiscal year. Even after your new fiscal year begins, and the ink is dry on your new business plan, there is a lot that you can do to get better business results this year, whenever it ends for your firm...
...and even while battling the effects of the COVID-19 pandemic.
The Walker Clark Strategic Profitability Diagnostic blends a disciplined, well-informed approach to law firm strategy with the most reliable measurements of strategic success: the sustainable profitability of your firm, all of your practice groups, and each of your partners. We also investigate the most probable economic, political, and legal scenarios that your firm could face in the next five to ten years, and identify systems and methods in your firm that will enable you to spot the challenges sooner and respond more effectively, even as some of your competitors are completely unaware of the changes and the risks that they pose.
Small and midsize firms have special profitability challenges, particularly during uncertain economic times like 2020 (and, we fear, through the first two quarters of 2021). These can have a much more serious impact than on larger firms. To meet the special profitability dynamics of smaller law firms, we offer our Walker Clark Small Law Firm Profitability Diagnostic. This is a five-step guided self-diagnostic process that allows solo practitioners and partners in small law firms to identify, clarify, and establish action priorities to address the issues that are preventing their practices from achieving optimal, sustainable profitability.
Both of our services are offered for a "no surprises" fixed fee that includes our expenses. They also include, a no additional cost, 90 days of ongoing support as you implement our recommendations.
Best of all, our profitability diagnostics can begin to produce positive and sustainable results, as well as a solid return on investment, within 60 to 90 days.